Dublin Market Stats

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Homes for Sale and Real Estate Market Update Video

Dublin CA – January 30, 2018

As always, if you find this information valuable, please share it with someone you know.

Dublin is on fire right now.

So far this month, inventory’s up 88% over the last month. We have 32 new listings of single family homes in Dublin, and 31 of them are pending. We’re seeing more inventory and more activity, which is great news.

Pending sales are up 55% from last month. The market’s humming.

The average price per square foot in Dublin homes for sale is $443 a square foot, which is up seven tenths of a percent. It’s edging up.

The days on market is nine. That’s down 52% from last month. That’s for sold properties.

The average days on market for sold properties in Dublin is nine. Wow! Market’s hot. We’re starting to see more inventory come up now.

The median price for Dublin this month so far is $1,070,000 and that’s amazing. That seems like it’s double from where it was 10 years ago.

The Dublin market is really gaining some strength. It’s a great place to buy, especially for newer homes.

If we can help you at all, give us a call. It’s Doug Buenz and The 680 Group at 925-621-0680 or visit our website at 680homes.com.

Dublin CA 2017 Homes for Sale and Real Estate Market Year In Review

Very low inventory kept a lid on sales of Dublin real estate in 2017. Only one month during the year ended with more than 41 homes for sale, compared to seven in 2016. Sales actually decreased by three units from 2016 to 2017. It is surprising that prices did not increase more. On average, homes sold for about their asking price, the same as in 2016.

In spite of the low supply and strong demand, the median sales price only increased 6%, from $950,000 in 2016 to $1,009,000 in 2017. The price per square foot increased very little, only 1%. There was no change in time on the market. On average, homes were listed for 25 days in both 2016 and 2017.

Homes priced under $1 million used to dominate the market here but that is no longer the case. In fact, more than half the homes sold in 2017 were homes priced at $1 million or more. Those homes sold in 26 days for 100% of their list price, on average. That compares to 24 days and 101%, respectively, for homes priced under $1 million. The biggest difference between the two price ranges was that there were far fewer homes for sale priced under $1 million, which can be seen in the charts below.

During the first half or 2017, inventory outpaced sales but that flipped in May and we have had less than a one month supply since. Inventory hit its low point for the year in December, at 20 homes for sale, matching December 2016’s supply. Pending sales were at their highest from April through October, a typical seasonal pattern. 2017’s inventory was well below 2016’s, while sales were more even.

The supply of homes priced under $1 million was very low throughout 2017 but dipped even lower at the end of the year. In fact, we have had only a one or two week supply since October. Surprisingly, sales remained strong through November but dropped significantly in December. The inventory of these homes was well below that of 2016.

As you can see in the above two charts, there were more homes priced at or above $1 million than under throughout 2017. There was more than a month’s supply of the high-end homes in every month of 2017, except for July and August. While there were more of these homes available, they supply was still well below that of 2016.

Dublin CA Homes for Sale | Dublin Market Update November 2017

Inventory falls again

Pending sales drop sharply

Prices stable

Homes under $1 million still in very high demand

Typical for this time of year, inventory and pending sales fell in November, with both being at their lowest level since January. Low inventory continues to keep a lid on sales, especially for homes priced under $1 million. Only seven of those homes were on the market at the end of November. Quality homes are still selling quickly, with the average sale in November being for 101% of the list price and taking only 21 days to complete.

Inventory was off 22% from both October and a year earlier. 28 properties were actively listed at the end of November, compared to 36 at the end of October. Pending sales dropped 35%, from 37 in October to 24 in November. 28 sales went pending a year ago. The supply relative to sales actually increased, from 1.0 month at the end of October to 1.2 months at the end of November. There was a 1.3 month supply at the end of November 2016. Less than two weeks of inventory was on the market for homes priced under $1 million at the end of November.

November’s median sales price was $945,000, 3% higher than October’s and 4% higher than a year ago. Homes sold for 101% of the asking price in November, up from 99% in October and 100% in November 2016. On average, homes sold in November did so in 21 days, up from 19 days in October but down from 23 days a year earlier.

The tables below provide further details on the current Dublin CA market compared to prior periods, as well as a look at different market segments.

Sellers: It is a great time to be selling a home in Dublin. Inventory is very low and demand is strong, especially for prime properties in excellent condition that are priced right. Proper marketing and staging will be important to getting the most for your home. While multiple offers are still occurring for a few select properties, most other homes have to be priced strategically to get top dollar. More than ever, having a highly competent agent who knows the Dublin market will be critical to your success

Buyers: The current market has been fairly balanced, especially compared to the previous few years but inventory is low and multiple offers much more common than in the past year. Prime properties, in particular, are getting a great deal of attention and multiple offers. Being prepared to act quickly will be the key to getting the home you are looking for. Having a professional Realtor who understands the Dublin market and your own strengths as a buyer will put you in a strong position to secure the home you really want.

Dublin CA Homes for Sale | Dublin Market Update October 2017

Inventory reverses its decline but still well below year ago

Still less than a one month supply

Pending sales fall

Prices soften

Homes under $1 million still in demand

The Dublin real estate market softened a bit in October, with inventory increasing, sales declining and prices weakening. That’s not to say the market is weak, it has just cooled down some from the hot place it has been in. There is still less than a one month supply and homes still sold for nearly their list price, on average. Homes priced under $1 million showed particular strength, as the demand for them outstripped the supply.

For the first time since June, more homes were actively listed at the end of October than the prior month. 36 properties were on the market at the end of October, versus 30 at the end of September. October’s inventory was still 32% lower than a year ago. Pending sales slipped 5%, from 43 in September to 41 in October. That was still 17% higher than October 2016’s 35. A0.9 month supply was on the market at the end of October, compared to 0.7 months at the end of September and 1.5 months a year earlier.

October’s median sales price was $931,000, down 6% from $989,000 in September and 5% from $980,000 in October 2016. The price per square foot also slipped, from $451 in September to $439 in October. October’s average sale was for 99% of the list price and took 20 days, compared to September’s 101% and 18 days, respectively.

The tables below provide further details on the current Dublin CA market compared to prior periods, as well as a look at different market segments.

Sellers: It is a great time to be selling a home in Dublin. Inventory is very low and demand is strong, especially for prime properties in excellent condition that are priced right. Proper marketing and staging will be important to getting the most for your home. While multiple offers are still occurring for a few select properties, most other homes have to be priced strategically to get top dollar. More than ever, having a highly competent agent who knows the Dublin market will be critical to your success

Buyers: The current market has been fairly balanced, especially compared to the previous few years but inventory is low and multiple offers much more common than in the past year. Prime properties, in particular, are getting a great deal of attention and multiple offers. Being prepared to act quickly will be the key to getting the home you are looking for. Having a professional Realtor who understands the Dublin market and your own strengths as a buyer will put you in a strong position to secure the home you really want.

Dublin CA Homes for Sale | Dublin Market Update September 2017

Inventory continues steady decline

Demand strong as pending sales rise

Homes on market only 19 days

Average sale was 100% of list price

Homes under $1 million sold in two weeks

Demand remained very strong in Dublin in September. Pending sales rebounded from August’s drop, even though inventory continued to fall and was less than half the level of a year ago. Homes across market segments were in demand but those priced under $1 million saw particularly strong interest and sold in an average of only two weeks. September’s average sale was for 100% of the list price.

44 sales went to contract in September, in spite of the declining inventory. That was 16% more than August’s 38 but 15% less than September 2016’s 52. Inventory slipped two units, from 32 at the end of August to 30 at the end of September. September’s supply was 15% less than a year ago. Only a 0.7 month supply was available at the end of September, little changed from August’s 0.8 months but down from 1.2 months a year ago.

Homes sold for an average of 100% of their list price in September, up slightly from 99% in August. The average sale took 19 days in September, compared to 21 days in August and 27 days in September 2016.

The median sales price was $980,000 in September, off 7% from August’s $1,055,000 but 8% higher than September 2016’s $910,000. The price per square foot increased 7%, from $414 in August to $444 ub September. It was $427 a year earlier.

The tables below provide further details on the current Dublin CA market compared to prior periods, as well as a look at different market segments.

Sellers: It is a great time to be selling a home in Dublin. Inventory is very low and demand is strong, especially for prime properties in excellent condition that are priced right. Proper marketing and staging will be important to getting the most for your home. While multiple offers are still occurring for a few select properties, most other homes have to be priced strategically to get top dollar. More than ever, having a highly competent agent who knows the Dublin market will be critical to your success

Buyers: The current market has been fairly balanced, especially compared to the previous few years but inventory is low and multiple offers much more common than in the past year. Prime properties, in particular, are getting a great deal of attention and multiple offers. Being prepared to act quickly will be the key to getting the home you are looking for. Having a professional Realtor who understands the Dublin market and your own strengths as a buyer will put you in a strong position to secure the home you really want.

Dublin CA Homes for Sale | Dublin Market Update August 2017

Inventory lowest since January

Less than half the supply of a year ago

Lack of inventory impacting sales

Pricing mixed

Inventory fell again in August and we ended the month with fewer homes for sale at any time since January. Demand remained strong but with such low supply, sales were down from August, as well as from a year ago. Pricing was mixed, with the median sales price increasing but other indicators down. Quality properties are selling quickly, as evidenced by the fact that homes sold in August were listed for only 19 days, on average.

Only 32 properties were actively listed at the end of August, down from 35 at the end of July and about half of the 63 available at this time last year. Pending sales dipped 11%, from 46 in July to 41 in August and 51 in August 2016. Inventory relative to pending sales remained unchanged from July at 0.8 months, compared to 1.2 months a year ago.

August’s median sales price $1,045,000, up from $1 million in July and 13% higher than August 2016’s $928,000. The price per square foot, on the other hand dipped in August, from $432 in July to $415, which was slightly higher than last year’s $411. The average sale in August was for 99% of the list price, down from 100% in July but the same as one year earlier. Homes sold in August closed in an average of 19 days, down from 30 days in July and 20 in August 2016.

The tables below provide further details on the current Dublin CA market compared to prior periods, as well as a look at different market segments.

Sellers: It is a great time to be selling a home in Dublin. Inventory is very low and demand is strong, especially for prime properties in excellent condition that are priced right. Proper marketing and staging will be important to getting the most for your home. While multiple offers are still occurring for a few select properties, most other homes have to be priced strategically to get top dollar. More than ever, having a highly competent agent who knows the Dublin market will be critical to your success

Buyers: The current market has been fairly balanced, especially compared to the previous few years but inventory is low and multiple offers much more common than in the past year. Prime properties, in particular, are getting a great deal of attention and multiple offers. Being prepared to act quickly will be the key to getting the home you are looking for. Having a professional Realtor who understands the Dublin market and your own strengths as a buyer will put you in a strong position to secure the home you really want.

Dublin CA Homes for Sale | Dublin Market Update July 2017

Inventory remains low

Less than half the supply of a year ago

Lack of inventory impacting sales

Prices hold

With less than half the number of homes for sale as there were a year ago, there just isn’t enough inventory to fill the demand. That is keeping a lid on sales. Prices, however, are not rising the way we might expect, given that dynamic. Most pricing metrics have held pretty constant over the past few months.

The median sales price increased 3%, from $980,000 in June to $1,010,000 in July. That’s a healthy monthly increase but the median was still only 4% higher than a year ago. Homes sold in July did so for an average of 100% of the original list price, down slightly from 101% in June and 102% in July 2016. July’s price per square foot dipped slightly to $431, from $437 in June. Homes that sold in July were listed for an average of 30 days, compared to 18 days for June’s sales and 17 days a year earlier.

Inventory fell 10%, from 39 properties at the end of July to 35 at the end of June. July’s inventory was less than half the number from July 2016, when 73 homes were actively listed. Pending sales still managed a two unit increase in July, from 45 in June to 47. Only a 0.7 month supply was available at the end of July, compared to 0.9 months at the end of June and 1.5 months at the end of July 2016.

The tables below provide further details on the current Dublin CA market compared to prior periods, as well as a look at different market segments.

Sellers: It is a great time to be selling a home in Dublin. Inventory is very low and demand is strong, especially for prime properties in excellent condition that are priced right. Proper marketing and staging will be important to getting the most for your home. While multiple offers are still occurring for a few select properties, most other homes have to be priced strategically to get top dollar. More than ever, having a highly competent agent who knows the Dublin market will be critical to your success

Buyers: The current market has been fairly balanced, especially compared to the previous few years but inventory is low and multiple offers much more common than in the past year. Prime properties, in particular, are getting a great deal of attention and multiple offers. Being prepared to act quickly will be the key to getting the home you are looking for. Having a professional Realtor who understands the Dublin market and your own strengths as a buyer will put you in a strong position to secure the home you really want.

Dublin CA Homes for Sale | Dublin Market Update June 2017

Inventory increases 18%

But is still 39% lower than year ago

Sales constrained by low supply

Low end of market is hottest segment

Prices flat to May and year earlier

Dublin real estate sales are being held down due to the low level of inventory, which, at the end of June, stood at 40% below the level of a year ago. That was even after increasing 18% from May’s level. Pending sales in June were below those during May, as well as June 2016. Demand remains the strongest for homes priced under $1 million, where there was only a 0.4 month supply at the end of June. Prices in June were comparable to both May of this year and June of last.

39 properties were actively listed at the end of June, up from 33 at the end of May but well off June 2016’s 64 units. Pending sales fell 21%, from 58 in May to 46 in June. Supply relative to pending sales increased form 0.6 months at the end of May to 0.8 months at the end of June, compared to 1.3 months a year ago.

June’s median sales price was $982,000, 1% higher than May’s $977,000 and June 2016’s $975,000. The price per square foot dipped 3% in June to $439 but was 3% higher than a year ago.

The average sale in June was for 101% of the list price, down slightly form 102% in May and equal to June 2016’s ratio. Sales closed in May did so in an average of 17 days, up from 14 days in May and 16 days a year ago.

The tables below provide further details on the current Dublin CA market compared to prior periods, as well as a look at different market segments.

Sellers: It is a great time to be selling a home in Dublin. Inventory is very low and demand is strong, especially for prime properties in excellent condition that are priced right. Proper marketing and staging will be important to getting the most for your home. While multiple offers are still occurring for a few select properties, most other homes have to be priced strategically to get top dollar. More than ever, having a highly competent agent who knows the Dublin market will be critical to your success

Buyers: The current market has been fairly balanced, especially compared to the previous few years but inventory is low and multiple offers much more common than in the past year. Prime properties, in particular, are getting a great deal of attention and multiple offers. Being prepared to act quickly will be the key to getting the home you are looking for. Having a professional Realtor who understands the Dublin market and your own strengths as a buyer will put you in a strong position to secure the home you really want.

Dublin CA Homes for Sale | Dublin Market Update April 2017

Strong demand

Only 14 days on market

Homes sell for 102% of list price

Homes priced over $1 million make up nearly half of pending sales

Momentum has been building all year in the Dublin real estate market and that strength showed in April. Homes sold during the month were listed for only 14 days and sold for 102% of their list price, on average. Even with the strong demand, inventory managed a 37% jump. While demand is strongest for lower priced homes, higher priced homes continue to make up a larger portion of the market here, accounting for 48% of all pending sales and 43% of inventory.

48 sales went to contract in April, up 17% from March’s 41 but slightly lower than April 2016’s 49 sales. Inventory increased by 15 units, from 41 at the end of March to 56 at the end of April, which were also six more than at the end of April 2016. Inventory relative to sales increased slightly, from 1.0 month at the end of March to 1.2 months at the end of April.

April’s average sale took 14 days, compared to 35 in March and 23 a year ago. Sales in April were for 102% of the average list price, up from 101% in March. The median sales price fell 1% in April to $1,041,000. That was, however, 18% higher than April 2016’s $880,000. The price per square foot also fell slightly, from March’s $444 to $426.

The tables below provide further details on the current Dublin CA market compared to prior periods, as well as a look at different market segments.

Sellers: It is a great time to be selling a home in Dublin. Inventory is low and demand remains strong, especially for prime properties in excellent condition that are priced right. Proper marketing and staging will be important to getting the most for your home. While multiple offers are still occurring for a few select properties, most other homes have to be priced strategically to get top dollar. More than ever, having a highly competent agent who knows the Dublin market will be critical to your success

Buyers: The current market is fairly balanced, especially compared to the previous few years. Prime properties are still getting a great deal of attention and even multiple offers on occasion. Being prepared to act quickly will be the key to getting the home you are looking for. Having a professional Realtor who understands the Dublin market and your own strengths as a buyer will put you in a strong position to secure the home you really want.

Doug Buenz and The 680 Group is a full service real estate team specializing in real estate and homes for sale in Pleasanton, Dublin, San Ramon, Livermore, Danville, Alamo, and Blackhawk. Our uncommon attention to our clients has made us one of the top producing teams in the Tri-Valley area of the East Bay